SOURCE: Homeland Security Network, Inc.

November 15, 2006 11:14 ET

Homeland Security Network, Inc. Aligns With Fireman's Fund Insurance Company to Offer Preferred Pricing to Commercial Policyholders

RICHARDSON, TX -- (MARKET WIRE) -- November 15, 2006 -- Homeland Security Network, Inc. (HSNi) (OTCBB: HSYN) announced today that it has entered into a relationship with Fireman's Fund Insurance Company to provide Fireman's Fund® commercial policyholders with preferred pricing on HSNi's new Global Positioning System (GPS). The GPS tracking solution will help Fireman's Fund policyholders not only reduce costs, but also secure and manage their assets.

Fireman's Fund commercial policyholders will enjoy a significant price reduction on the HSNi GPS tracking solution. HSNi's proprietary iTrax GPS product uses exclusive technology to provide companies with the ability to safely and securely monitor and control their vehicles, thereby mitigating the risk of theft and loss faced by commercial vehicle fleets. The system combines GPS tracking capability with a web interface in one simple device, working in tandem with a cell phone, PDA or computer. The safety and security provided through this system helps provide Fireman's Fund customers with the ability to deliver the right product at the right time, give accurate status updates to customers, be competitive in pricing and ROI -- allowing goal-setting for rapid expansion.

Fireman's Fund will feature Homeland Security Network as a preferred vendor on the Fireman's Fund iCustomer Series® Web sites, a series of industry-specific sites designed to help businesses manage risk, available only to Fireman's Fund® policyholders. In order to receive the reduced rate on the GPS tracking system, policyholders must be registered iCustomer Series users.

"HSNI's GPS technology delivers performance and functionality at an affordable price," said Charles Norman, CEO of HSNi. "We look forward to working extensively with this alliance to bring HSNi's GPS solution to protect and mitigate risk for iCustomer Series users across the country."

"We're pleased to be able to offer our customers this new GPS system which will help our clients protect their truck fleets and prevent loss," said Leslie Balfour, iCustomer Series marketing manager at Fireman's Fund. "It's our goal to provide our customers access to other professional services and products that will help them mitigate risk and be able to have a more successful, profitable business."

About Homeland Security Network

HSNi is a publicly traded company specializing in GPS technology for security and mobile asset management solutions. HSNi is a national provider of GPS products and location-based services, including asset tracking and control of transportation equipment for commercial users. For more information, visit www.hsni.us.

About Fireman's Fund

Fireman's Fund Insurance Company is a premier property and casualty insurance company providing personal, commercial and specialty insurance products nationwide. Fireman's Fund is a member of the Allianz Group (NYSE: AZ), one of the world's largest providers and property and casualty insurance and other financial services. For additional information, visit www.firemansfund.com.

Legal Notice

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this release. These statements relate to future events or financial performance; are based on current expectations/projections about HSNi and its industry; and may differ materially from actual future results or events. Such words as "expects," "believes," and "anticipates" are intended to identify these statements. HSNi disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.

Contact Information

  • Investor Relations Contact:
    Terri Ashley
    Homeland Security Network, Inc.
    Email Contact
    1.866.618.HSNi (4764)